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Data and Statistics

Housing tax credit program provides major benefits for Vermont economy

New estimates from the ACTION Campaign demonstrate the significant impact that the Low-Income Housing Tax Credit has had in Vermont, including creating and preserving over 7,000 affordable homes since 1986 and supporting nearly 8,000 jobs per year.

Decline in household incomes raises concerns about VT economy

A recent article in the Burlington Free Press highlights Vermont’s stagnating household incomes, raising concerns over the strength of its economy and the ability of its residents to afford housing.

New research shows path to affordable, sustainable homeownership

A recent report from researchers at Ohio State University and Fannie Mae describes new evidence of ways to extend homeownership sustainably.  Lower income households seeking to purchase homes face many barriers including lack of wealth for down payment.  Further, “after purchasing a home, lower income homeowners are often at higher risk of default due to unaffordable mortgage terms, higher loan-to-value ratios, and fragile household balance

Rent unaffordable for many Vermont workers

The latest edition of the annual report on rental housing affordability from the National Low Income Housing Coalition and the Vermont Affordable Housing Coalition has found that Vermont has one of the highest gaps in the nation between the cost of rent and renter wages. Out of Reach: The High Cost of Housing reports that for a Vermont renter to be able to afford a modest two bedroom apartment, he or she would need to earn $22.40 per hour, well above the average renter wage.

Congressional report highlights housing crisis

A task force convened by the New Democrat Coalition, a group of moderate Democrats in the U.S. House of Representatives, has found that housing is becoming increasingly unaffordable and unavailable for many Americans. In the report, Missing Millions of Homes, the Coalition linked the lack of affordable housing to a combination of wage stagnation and decreased construction.

Need an affordable apartment?

view of vermont

Need an affordable apartment or know someone who does?  There are vacancies in 26 different apartment complexes across the state, according to the Vermont Directory of Affordable Rental Housing.

VHFA awards millions in tax credits for affordable rental housing development

On Monday, April 16 the Vermont Housing Finance Agency (VHFA) Board of Commissioners committed federal Housing Tax Credits and Vermont Affordable Housing Credits to construct and renovate apartments for low-income Vermonters over the next several years. The $3.5 million in ten-year federal capped credits, $319,000 in ten-year federal uncapped “bond” credits and $173,000 in five-year state credits will support the development of 251 apartments in eight communities across the state. VHFA permanent and construction financing totaling $19 million was also approved for five of the projects.

2017 Annual Report video

VHFA had a great 2017!

Need an affordable apartment?

view of Vermont

Need an affordable apartment or know someone who does?  There are vacancies in 24 different apartment complexes across the state, according to the Vermont Directory of Affordable Rental Housing.

Chittenden County leads state in jobs to homes imbalance

Chittenden County has the biggest imbalance between its share of VT jobs and homes, according to recent VHFA analysis. Although 33% of the state's jobs are in Chittenden County, the state is home to only 28% of the state’s workers and only 25% of the state’s homes. This is likely caused in part by workers living in Franklin County, where the share of homes outnumbers the share of jobs, who commute to Chittenden County for work.

Washington County also has an imbalance similar to Chittenden’s, but on a much smaller scale.

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